Correction, 8/7/14, 10:51 a.m.: An earlier version of this story misidentified the law firm representing Alliance Boots in its stake sale to Walgreens. Darrois Villey Maillot Brochier advised Alliance Boots while Simpson Thacher & Bartlett took the lead for Kohlberg Kravis Roberts, an Alliance Boots controlling investor. The story has been updated accordingly. We regret the error.
In a reversal of the popular but controversial trend of U.S. companies moving overseas to save on taxes, Walgreens said on Wednesday it would buy the stake in Alliance Boots it doesn’t already own for $15.3 billion in cash and stock but keep its current Illinois tax address once it takes full ownership of the chain.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
